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Veil (VEIL): Does it Score Well on Short-Term Trading Metrics Tuesday?

Tuesday, November 28, 2023 02:35 PM | InvestorsObserver Analysts
Veil (VEIL): Does it Score Well on Short-Term Trading Metrics Tuesday?

Veil receives a weak short-term technical ranking of 16 from InvestorsObserver data analysis. The proprietary ranking system focuses on the recent trading patters over the past month to determine the strength of its short-term technicals. VEIL has a superior recent technical analysis than 16% of coins based on these trading metrics. Investors primarily focused on shorter term investment strategies will find this technical analysis most relevant to their goals when determining whether to invest in a particular crypto.

Short-Term Technical - 16
InvestorsObserver is giving Veil a 16 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Veil!

Trading Analysis

Veil is $0.000960 (33.17%) above its 30-day low of $0.002893379 while -$0.037735 (-90.73%) below its 30-day high of $0.04158869. In addition, VEIL's current price of $0.003853202 is under its 30-day moving average price of $0.006128114, leading to a weak short-term technical score. Overall the recent trading history of Veil suggest that investors are bearish on the coin at the moment.
Veil's market cap of $331,675.48 is relatively low for a coin. Veil's relatively low market value comes as it sits under $100 million while the top 100 cryptos remain above $1 billion in market cap and the top 500 sit above $100 million. Meanwhile, VEIL's average volume is low with $2,353.87 worth of the coin traded over an average 24 hour period. VEIL's volume is relatively low as the most traded 100 cryptos typically have $100 million exchanged each day and smaller cryptos tend to sit under $5 million traded over 24 hours. Over the last 24 hours, VEIL's volume is below its usual with $313.86 exchanged.

Summary

Veil's trading over the past 30 days leads to its a weak short-term technical score due to recent price movement suggesting more bearish signals for traders on the coin in the near future. Click Here to get the full Report on Veil (VEIL).

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